Parag Milk Foods is currently trading at Rs. 277.45, up by 4.90 points or 1.80% from its previous closing of Rs. 272.55 on the BSE.
The scrip opened at Rs. 274.90 and has touched a high and low of Rs. 279.30 and Rs. 274.90 respectively. So far 27,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 318.90 on 04-Jan-2018 and a 52 week low of Rs. 205.85 on 28-Jun-2017.
Last one week high and low of the scrip stood at Rs. 279.30 and Rs. 246.40 respectively. The current market cap of the company is Rs. 2,336.00 crore.
The promoters holding in the company stood at 48.71%, while Institutions and Non-Institutions held 28.43% and 22.86% respectively.
Parag Milk Foods has acquired the Danone Foods and Beverages India’s manufacturing facility of Curd, Yogurt and other related products at Rai, Sonipat, Haryana near Delhi. This acquisition would help expand the company’s footprints in North India and strengthen company’s fresh category distribution of Milk, Flavoured Milk, Buttermilk, Curd, Fresh Paneer and Yogurt in this region. The company proposes to invest further capex in the aforesaid manufacturing facility acquired from Danone.
Parag Milk Foods, established in 1992, is the largest private dairy FMCG company with a pan India presence.
